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(MANGALAM) Mangalam Drugs complete technical analysis [charts+indicators] | Buy/Sell Mangalam Drugs | (MANGALAM) share price targets

Complete technical analysis of Mangalam Drugs (MANGALAM) by charts plus indicators, forecast predictions and share price targets for Mangalam Drugs (MANGALAM)

Mangalam Drugs trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2025-01-21 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 26388

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	105.31	107.80	109.19	103.00	0.787 times
20 Mon Jan 2025	106.77	106.40	107.39	105.61	0.671 times
17 Fri Jan 2025	105.92	106.65	106.80	104.72	0.76 times
16 Thu Jan 2025	105.69	107.26	108.77	105.30	0.694 times
15 Wed Jan 2025	106.07	105.38	107.40	104.50	0.647 times
14 Tue Jan 2025	103.96	101.52	111.89	101.52	1.759 times
13 Mon Jan 2025	101.57	106.85	111.00	100.05	1.396 times
10 Fri Jan 2025	111.36	115.32	116.89	110.91	0.772 times
09 Thu Jan 2025	115.32	116.90	124.75	114.34	1.954 times
08 Wed Jan 2025	113.46	114.75	114.80	111.16	0.59 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 106.2, but if it comes above 106.2, then a intra day buy could be more profitable.
If you take a sell trade below 106.2, then use 106.2 as stoploss and 99.5 as target. However if you take a buy trade in stock , then use 106.2 as stoploss and 111.71 as target.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	100.05
Downside Target	103.00
Upside Target	109.19
Upside Target	117.85
Upside Target	121.16
Upside Target	124.75
Upside Target	124.89
Upside Target	126.52
Upside Target	128.01
Upside Target	130.85
Upside Target	140.50

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	102.48
Downside Intraday Target	99.64
Upside Intraday Target	108.67
Upside Intraday Target	112.02
Upside Intraday Target	105.83

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	105.31	106.40	109.19	103.00	0.277 times
17 Fri Jan 2025	105.92	106.85	111.89	100.05	1.074 times
10 Fri Jan 2025	111.36	115.60	124.75	110.91	0.506 times
03 Fri Jan 2025	118.93	114.10	124.89	114.09	3.731 times
27 Fri Dec 2024	113.73	116.90	117.85	111.00	0.281 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mangalam Drugs (MANGALAM)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	105.31	115.48	124.89	100.05	0.555 times
31 Tue Dec 2024	115.48	123.75	126.52	111.00	0.713 times
29 Fri Nov 2024	122.13	112.75	128.01	103.55	2.281 times
31 Thu Oct 2024	111.67	127.94	130.85	103.00	0.296 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mangalam Drugs (MANGALAM)

Price action analysis of Mangalam Drugs ( (MANGALAM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mangalam Drugs ( (MANGALAM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mangalam Drugs ( (MANGALAM) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mangalam Drugs stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mangalam Drugs in short term and the sell signal is strong.

Mangalam Drugs Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mangalam Drugs in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mangalam Drugs is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 107.67 and Mangalam Drugs (MANGALAM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mangalam Drugs (MANGALAM) stock. Volume based technical analysis of Mangalam Drugs (MANGALAM) stock is negative.

Mangalam Drugs Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.